1 DAILY TREASURY STATEMENT PAGE: 1 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE I Operating Cash Balance ___________________________________________________________________________________________ Opening balance Closing ______________________________________ Type of account balance This This today Today month fiscal year ___________________________________________________________________________________________ Federal Reserve Account $ 1,270,885 $ 1,193,297 $ 1,180,035 $ 382,483 Supplementary Financing Program Account 0 0 0 0 Short-Term Cash Investments (Table V) 0 0 0 0 Total Operating Balance $ 1,270,885 $ 1,193,297 $ 1,180,035 $ 382,483 1 DAILY TREASURY STATEMENT PAGE: 2 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE II Deposits and Withdrawals of Operating Cash ___________________________________________________________________________________________ This Fiscal Deposits Today month year to date to date ___________________________________________________________________________________________ Federal Reserve Account: Agriculture Loan Repayments (misc) $ 15 $ 293 $ 4,990 Cash FTD's Received (Table IV) 2,974 131,993 1,831,688 Commodity Credit Corporation programs 41 618 6,857 Deposits by States: Supplemental Security Income 0 5 2,077 Unemployment 24 11,629 26,786 Dept of Commerce (DOC) 14 213 2,471 Dept of Education (ED) 134 1,999 45,147 Dept of Energy (DOE) 55 281 4,775 Dept of Health & Human Serv (HHS) - Misc 32 2,416 3,175 HHS - Marketplace Receipts 0 0 5 HHS - Medicare Premiums 853 2,684 25,835 Dept of Homeland Security (DHS) - misc 15 223 2,994 DHS - Customs and Certain Excise Taxes 90 1,511 53,734 DHS - Fed Emergency Mgmt Agency (FEMA) 23 224 1,723 DHS - Transportation Security Admn (TSA) 0 6 2,345 Dept of Veterans Affairs (VA) 25 605 5,263 Environmental Protection Agency (EPA) 1 17 240 Estate and Gift Taxes 6 301 9,813 Federal Reserve Earnings 0 6,057 47,071 Foreign Military Sales Program 39 3,366 28,357 General Services Administration (GSA) 4 68 882 Housing and Urban Development programs 6 205 1,930 Individual Income and Employment Taxes, Not Withheld 470 6,185 156,249 Interest recd from cash investments 0 0 0 Justice Department programs 7 383 13,163 National Science Foundation (NSF) 0 1 44 Postal Service 320 5,488 60,045 Public Debt Cash Issues (Table III-B) 274,960 1,566,639 10,738,033 Small Business Administration (SBA) 19 173 1,992 Other Deposits: Deposit Insurance Fund 204 251 3,279 Total Other Deposits 204 11,317 134,885 Change in Balance of Uncollected Funds 0 0 0 Transfers from Depositaries 0 0 0 Total Federal Reserve Account 280,335 1,754,899 13,212,570 Short-Term Cash Investments: Transfers from Federal Reserve Account (Table V) 0 0 0 Total Deposits (excluding transfers) $ 280,335 $ 1,754,899 $ 13,212,570 1 DAILY TREASURY STATEMENT PAGE: 3 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ This Fiscal Withdrawals Today month year to date to date ___________________________________________________________________________________________ Federal Reserve Account: Air Carrier Worker Support 0 158 12,521 Commodity Credit Corporation programs 6 206 19,968 Coronavirus Relief Fund 0 4,725 144,283 Defense Vendor Payments (EFT) 1,716 21,233 239,407 Dept of Commerce (DOC) 18 550 6,558 Dept of Education (ED) 785 9,503 114,524 Dept of Energy (DOE) 212 2,358 25,941 Dept of Health & Human Serv (HHS) - Misc 41 597 4,591 HHS - Centers for Disease Control (CDC) 28 526 5,017 HHS - Federal Hospital Insr Trust Fund 836 19,781 270,693 HHS - Federal Supple Med Insr Trust Fund 716 22,587 272,082 HHS - Grants to States for Medicaid 1,845 31,115 282,447 HHS - Health Resources & Services Admin 4,646 27,871 73,635 HHS - Indian Health Service 5 245 5,230 HHS - Marketplace Payments 4,378 4,378 40,635 HHS - Medicare Prescription Drugs 0 7,756 57,976 HHS - National Institutes of Health 134 1,856 20,980 HHS - Other Public Health Services 27 404 4,683 HHS - Othr Admin for Children & Families 72 1,217 15,132 HHS - Othr Cent Medicare & Medicaid Serv 102 1,921 17,520 HHS - Payments to States 72 3,831 15,897 HHS - Temp Assistance for Needy Families 28 774 10,905 Dept of Homeland Security (DHS) - misc 44 716 8,443 DHS - Customs & Border Protection (CBP) 14 296 3,722 DHS - Fed Emergency Mgmt Agency (FEMA) 86 1,769 10,680 DHS - Transportation Security Admn (TSA) 70 190 1,528 Dept of Veterans Affairs (VA) 197 3,230 40,303 VA - Benefits 66 9,685 74,295 Environmental Protection Agency (EPA) 108 363 4,334 ESF - Economic Recovery Programs 0 39,000 49,000 Federal Employees Insurance Payments 204 3,952 54,529 Fed. Highway Administration programs 207 2,970 27,942 Federal Salaries (EFT) 890 14,326 126,182 Food and Nutrition Service (misc) 102 1,504 20,050 General Services Administration (GSA) 138 1,565 17,034 Housing and Urban Development programs 88 5,294 46,256 Interest on Treasury Securities 0 40,851 213,008 IRS Tax Refunds Business (EFT) 174 503 13,197 IRS Tax Refunds Individual (EFT) 396 34,739 433,217 Justice Department programs 56 1,195 14,071 Labor Dept. prgms (excl. unemployment) 62 626 9,289 NASA 184 1,134 12,417 National Science Foundation (NSF) 26 346 4,229 Postal Service Money Orders and Other 93 2,376 26,782 Public Debt Cash Redemp. (Table III-B) 175,331 1,098,204 8,083,078 Small Business Administration (SBA) 1,729 20,268 35,104 Social Security Benefits (EFT) 55 61,839 619,813 Supple. Nutrition Assist. Program (SNAP) 289 6,288 44,877 Unemployment Insurance Benefits 3,030 69,054 134,136 Other Withdrawals: Federal Aviation Administration 207 613 5,625 Federal Transit Admin. 519 3,328 10,825 Interior 86 1,013 8,214 Thrift Savings Plan Transfer 473 3,919 45,879 Unclassified 2,157 36,014 159,669 Total, Other Withdrawals 3,441 78,176 536,027 Transfers to Depositaries 0 0 0 Total Federal Reserve Account 202,747 1,664,048 12,324,168 Short-Term Cash Investments: Transfers to Federal Reserve Account (Table V) 0 0 0 Total Withdrawals (excluding transfers) $ 202,747 $ 1,664,048 $ 12,324,168 Net Change in Operating Cash Balance $ 77,588 $ 90,851 $ 888,402 1 DAILY TREASURY STATEMENT PAGE: 4 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-A Public Debt Transactions ___________________________________________________________________________________________ This Fiscal Issues Today month year to date to date ___________________________________________________________________________________________ Marketable: Bills: Regular Series $ 167,862 $ 896,725 $ 6,899,500 Cash Management Series 105,002 500,005 1,675,013 Notes 0 113,135 1,736,663 Bonds 0 33,635 178,660 Inflation-Protected Securities Increment -105 -1,961 10,395 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities: Cash Issue Price 1 26 531 Interest Increment 1 386 3,575 Government Account Series 400,637 6,079,697 65,387,349 Hope Bonds 0 0 0 Domestic Series 0 0 0 Foreign Series 0 0 0 State and Local Series 653 4,524 82,803 Other 1,595 20,386 180,005 Total Issues $ 675,647 $ 7,646,558 $ 76,154,495 Stated at face value except for savings and retirement plan securities which are stated at current redemption value. ___________________________________________________________________________________________ This Fiscal Redemptions Today month year to date to date ___________________________________________________________________________________________ Marketable: Bills $ 173,704 $ 965,219 $ 6,518,186 Notes 0 100,148 1,308,133 Bonds 0 7,582 17,060 Federal Financing Bank 0 0 0 Nonmarketable: United States Savings Securities 20 339 6,287 Government Account Series 394,562 6,055,762 65,324,054 Hope Bonds 0 0 0 Domestic Series 0 0 4,522 Foreign Series 0 0 0 State and Local Series 14 4,530 49,359 Other 1,593 20,385 179,531 Total Redemptions $ 569,892 $ 7,153,966 $ 73,407,132 Net Change in Public Debt Outstanding $ 105,754 $ 492,592 $ 2,747,363 1 DAILY TREASURY STATEMENT PAGE: 5 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-B Adjustment of Public Debt Transactions to Cash Basis ___________________________________________________________________________________________ This Fiscal Transactions Today month year to date to date ___________________________________________________________________________________________ Public Debt Cash Issues: Public Debt Issues (Table III-A) $ 675,647 $ 7,646,558 $ 76,154,495 Premium on New Issues 0 0 10,254 Discount on New Issues: Bills (-) 153 480 19,036 Bonds and Notes (-) 0 1,317 6,506 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 400,637 6,079,697 65,387,349 Hope Bonds (-) 0 0 0 Interest Increment on United States Savings Securities (-) 1 386 3,575 Inflation-Protected Securities Increment -105 -1,961 10,250 Total Public Debt Cash Issues Deposited in Federal Reserve Account $ 274,960 $ 1,566,639 $ 10,738,033 Public Debt Cash Redemptions: Public Debt Redemptions (Table III-A) $ 569,892 $ 7,153,966 $ 73,407,132 Premium on Debt Buyback Operation 0 0 0 Discount on Debt Buyback Operation (-) 0 0 0 Federal Financing Bank (-) 0 0 0 Government Account Transactions (-) 394,562 6,055,762 65,324,054 Hope Bonds (-) 0 0 0 Total Public Debt Cash Redemptions Withdrawn from Federal Reserve Acct. $ 175,331 $ 1,098,204 $ 8,083,078 1 DAILY TREASURY STATEMENT PAGE: 6 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE III-C Debt Subject to Limit ___________________________________________________________________________________________ Opening balance Closing ______________________________________ Balance Transactions balance This This today Today month fiscal year ___________________________________________________________________________________________ Debt Held by the Public $ 19,528,470 $ 19,429,375 $ 19,053,619 $ 16,809,092 Intragovernmental Holdings 5,938,294 5,931,635 5,920,553 5,910,309 Total Public Debt Outstanding 25,466,764 25,361,010 24,974,172 22,719,402 Less: Debt Not Subject to Limit: Other Debt 479 479 479 479 Unamortized Discount 19,737 19,651 20,740 23,497 Federal Financing Bank 8,809 8,809 8,809 8,809 Hope Bonds 0 0 0 0 Plus: Other Debt Subject to Limit Guaranteed Debt of Government Agencies 0 0 0 0 Total Public Debt Subject to Limit $ 25,437,740 $ 25,332,071 $ 24,944,144 $ 22,686,617 Statutory Debt Limit SUSP-1 SUSP-1 SUSP-1 SUSP-1 SUSP-1 - Statutory debt limit temporarily suspended through July 31, 2021. Unamortized Discount represents the discount adj. on Treasury bills and zero-coupon bonds. 1 DAILY TREASURY STATEMENT PAGE: 7 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE IV Federal Tax Deposits ___________________________________________________________________________________________ This Fiscal Classification Today month year to date to date ___________________________________________________________________________________________ Withheld Income and Employment Taxes $ 2,706 $ 132,803 $ 1,668,140 Individual Income Taxes 300 3,458 71,303 Railroad Retirement Taxes 7 239 3,598 Excise Taxes 16 1,417 44,298 Corporation Income Taxes 182 2,081 109,155 Federal Unemployment Taxes 1 114 5,639 Estate and Gift Taxes & Misc IRS Rcpts. 1 250 1,012 Total $ 3,213 $ 140,361 $ 1,903,144 Cash Federal Tax Deposits: Direct $ 15 $ 508 $ 15,222 Through Depositaries 2,958 131,485 1,816,466 Total Cash FTD's $ 2,974 $ 131,993 $ 1,831,688 Inter-agency Transfers 239 8,368 71,456 Total $ 3,213 $ 140,361 $ 1,903,144 ___________________________________________________________________________________________ TABLE V Short-Term Cash Investments ___________________________________________________________________________________________ Type of Depositary Balance Transactions ______________________________________ Total A B C ___________________________________________________________________________________________ Opening Balance Today $ 0 $ 0 $ 0 $ 0 Deposits: Transfers to Depositaries 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Withdrawals: Treasury Initiated 0 0 0 0 Depositary Initiated 0 0 0 0 Special Direct Investment 0 0 0 0 Term Investment 0 0 0 0 Repo Investment 0 0 0 0 Closing Balance Today $ 0 $ 0 $ 0 $ 0 1 DAILY TREASURY STATEMENT PAGE: 8 Cash and debt operations of the United States Treasury Thursday, May 21, 2020 (Detail, rounded in millions, may not add to totals) ___________________________________________________________________________________________ TABLE VI Income Tax Refunds Issued ___________________________________________________________________________________________ This Fiscal Classification Today month year to date to date ___________________________________________________________________________________________ IRS Tax Refunds Business (Checks) $ 2 $ 1,564 $ 27,513 IRS Tax Refunds Business (EFT) 174 503 13,197 IRS Tax Refunds Individual (Checks) 81 33,404 86,185 IRS Tax Refunds Individual (EFT) 396 34,739 433,217 This statement summarizes the United States Treasury's cash and debt operations for the Federal Government. Treasury's operating cash is maintained in an account at the Federal Reserve Bank of New York and in short-term cash investments. Treasury minimized and then suspended its short-term cash investment program beginning in November 2008, but anticipates investing again when market conditions warrant. Major information sources include: Federal Reserve Banks, Treasury Regional Financial Centers, Internal Revenue Service Centers, various electronic systems, and information on the Public Debt. Information is presented on a modified cash basis. Deposits are reflected as received and withdrawals are reflected as processed.SOURCE: Bureau of the Fiscal Service, Department of the Treasury. Note: The Daily Treasury Statement (DTS) is available by 4:00 p.m. the following business day on the Fiscal Service website https://fiscal.treasury.gov/reports-statements/dts/. For more information, call the Cash Reporting Branch at 202-874-9789.